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Two Wheelers: A big setback for bike sales this year .. What are the reasons ..? | Domestic two wheelers sales may dip up to 4 percent this fiscal

Two Wheelers

Two Wheelers: Domestic two-wheeler sales have fallen sharply in the current financial year. The credit rating agency ICRA said it could fall by 1-4 per cent on an annual basis. The rating agency said that the purchase of bikes has come down as the prices of two-wheelers have continued to rise and petrol has become more expensive. Corona said companies were disappointed even during the festive season this year due to poor performance and low revenue. Domestic two-wheeler sales during the April-October period of the 2021-22 financial year stood at 80.5 lakh units. The same was the case last year. The rating agency said financiers should be careful as there is a default in loan repayment.

1. Less impact on premium segment bikes
Demand for this specialty has grown significantly as a result of recent corporate scandals. Its market share in the two-wheeler market is close to 15 per cent.

2. Highest market share in entry level bikes
The entry segment bike (75-110cc) is the largest contributor to the two-wheeler market in India. The second wave corona also had an effect on this segment. Its sales have been hit hard by job losses, loss of income, cuts in salaries, lack of hikes, rising medical costs and rising bike prices.

3. Sales fell 18 percent during the festive season
The automobile sector has been the worst in terms of sales this year during the festive season. The Federation of Automobile Dealers Association (FADA), an organization of auto dealers, says this. Sales have been bad during the 42-day festive season from Navratri to Diwali. This is due to the shortage of cars and declining demand for two-wheelers. Sales were down 18 percent over a 42-day period. Compared to 2019, there was a decline of 21 percent.

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